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stay with cnn for continuing coverage of the fiscal cliff negotiations. fareed zakaria "gps" is next. >>> the great french writer albert camel said life is a sum of all your choices. we're all defined by the choices we make every day, we make hundreds of them. paper or plastic, chicken or fish, most are mundane and require little thought, but others are agonizing, often life altering and then there are the decisions made by leaders. some of which have changed the course of history for better and some for worse. july 1776, the founding fathers decision to declare independence. january 1863, abraham lincoln's decision to emancipate all persons held as slaves. june 1941, adolf hitler's decision to invade the soviet union. august 1945, president truman's decision to use an atomic bomb against japan. tonight, we'll examine the process of making a tough decision. we'll hear about major decisions on an international stage, about corporate decisions and personal ones. from taking down the most wanted man in the world -- >> the president turned to us and said, i m
stay with cnn for continuing coverage of the fiscal cliff negotiations. fareed zakaria "gps" is next. >>> the great french writer albert camel said life is a sum of all your choices. we're all defined by the choices we make every day, we make hundreds of them. paper or plastic, chicken or fish, most are mundane and require little thought, but others are agonizing, often life altering and then there are the decisions made by leaders. some of which have changed the course of...
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coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitng myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. we don't let frequent heartburn come between us and what we love. so if you're one of them people whgets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur gerri: big tax hikes set to take effect on january 1. what is the most important one to worry about? we will tell you after the break. stay with us gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at th
coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitng myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. we...
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president, we obviously have crucial work to do with respect to the fiscal cliff issue in the next few days. we talked earlier when the majority leader was here about the impact of the budget and taxes, senior citizens not being able to see doctors. it is crucial work. and i continue to be part of that optimist caucus here in the senate, believing that we can still find some common ground in these last few days on the fiscal cliff. and avoid going over the fiscal cliff. that is crucial work, mr. president, but striking the right balance between protecting our country and protecting our individual liberties is also important work, and for that reason, i wanted to walk through the history of the fisa amendments act this morning, describe why it was so important particularly for us to get even an accounting -- remember, mr. president, this doesn't disrupt any operations in the intelligence community. this is just an accounting of how many law-abiding americans have had their communications swept up under this law. that work is crucial, too. and for that reason, mr. president, i hope that
president, we obviously have crucial work to do with respect to the fiscal cliff issue in the next few days. we talked earlier when the majority leader was here about the impact of the budget and taxes, senior citizens not being able to see doctors. it is crucial work. and i continue to be part of that optimist caucus here in the senate, believing that we can still find some common ground in these last few days on the fiscal cliff. and avoid going over the fiscal cliff. that is crucial work,...
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parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard smith. and president obama says tonight there is still time to get a deal done before we fall off the fiscal cliff. and he demanded congress take action now before it's too late. the president spoke in the white house briefing room just about an hour ago now. he was visibly tense. frustration in his voice. >> america wonders why it is in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we are now at the last minute. and the american people are not going to have any patience for a politically self-infl
parachute. >> the last minute move to save us from the fiscal cliff. and, a shooting inside a politician. -- police station. officers down and a suspect dead. >> i saw them throw somebody into an ambulance. >> in moments, what we know about how this happened. and on very thin ice. >> the deeper you got out, the more ice was cracking. you just couldn't get to them. >> the rescue mission to pluck a man and a dog from a frozen river. i'm harris faulkner in for shepard...
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. >> new concerns about what if any progress is being made on those fiscal cliff talks. south carolina republican nick mulvaney is on the house budget committee and he joins us live, next. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualizes your sleep. the only place you'll find the sleep number bed. a bed w
. >> new concerns about what if any progress is being made on those fiscal cliff talks. south carolina republican nick mulvaney is on the house budget committee and he joins us live, next. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the...
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major, what is the president's next move? >> reporter: it is not a breakthrough but it is a glimmer of hope. officials tell cbs news the president will meet with harry reid, mitch, house speaker john boehner, democratic leader nancy pelosi tomorrow afternoon at the white house. to try to find out if there is a way to avert the fiscal cliff. today, after the president returned from his vacation in hawaii, he did meet with his senior advisors. they did conduct some back- channel negotiations as they have been during the holidays on a bill to possibly avert the fiscal cliff. those talks i'm told did not make much progress. the face-to-face conversations may fact create the possibility of a breakthrough. but right now the president has no new proposals to give his congressional leaders. he will stick with what he told the nation on friday-- raise income taxes for households earning more than $250,000, extend unemployment benefits for those americans out of work for more than six months, and try to find some other means to avert t
major, what is the president's next move? >> reporter: it is not a breakthrough but it is a glimmer of hope. officials tell cbs news the president will meet with harry reid, mitch, house speaker john boehner, democratic leader nancy pelosi tomorrow afternoon at the white house. to try to find out if there is a way to avert the fiscal cliff. today, after the president returned from his vacation in hawaii, he did meet with his senior advisors. they did conduct some back- channel...
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jon: thank you both from each side, what is left of the fiscal cliff. harris: protecting children in schools after the tragedy in newtown, connecticut, some teachers are wanting to have guns in school. one attorney general says yes. he is standing by to talk with us next. also, the latest on george w. bush and his condition. the 41st president and why report yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. jon: there is growing support for the federal government to sell off billions of dollars worth of its property to help pay down our ballooning national debt. unused buildings, land and other assets could fetch billions, perhaps even trillions on the open market. what do you think of that idea? william la jeunesse live in los angeles with more on this. william? >> reporter: well, jon, why not have a massive garage sale? that is what families do when they need money. in fact the tax found
jon: thank you both from each side, what is left of the fiscal cliff. harris: protecting children in schools after the tragedy in newtown, connecticut, some teachers are wanting to have guns in school. one attorney general says yes. he is standing by to talk with us next. also, the latest on george w. bush and his condition. the 41st president and why report yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of...
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the markets are looking for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanie
the markets are looking for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to...
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is, is going over that so-called fiscal cliff. we'll see what happens over the next few hours. tom foreman, thank you. much more on the fiscal cliff coming up. >>> there are serious ramifications for almost every american involved in this negotiati negotiation. we'll update when when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> okay, we've got the breaking news we're following here in washington. we've been thinking about it. we've been talking about it for a long time. guess what, the united states is now going over the so-called fiscal cliff. that's becau
is, is going over that so-called fiscal cliff. we'll see what happens over the next few hours. tom foreman, thank you. much more on the fiscal cliff coming up. >>> there are serious ramifications for almost every american involved in this negotiati negotiation. we'll update when when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and...
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the only way to fix that is go over the fiscal cliff 'cause clearly democrats don't want to cut spending. they'll have to be forced into that and the only way that happens is hit the sequestration, the things that the fiscal cliff will bring of the that's why. i'll take the medicine, the pain now for a healthier economy going forward. >> kelly: there are a lot of economists who agree because they're saying if we go through this, it will be pain for everybody, 2,000, $4,000 added to our tax for the next year or so. and potentially, after that we will rebound and all those automatic spending cuts will go into effect. >> juliet: we've been following this drama involving hobby lobby. the company plans to defy a federal mandate that came out. it required it to offer the morning after pill. and hobby lobby, the owners of the company say, but they don't want to do that. it defies what they believe. they're going to be defying this order. they're going to risk fines of up to $1.3 million per day because they said on principle, we can not do this. >> kelly: here is the reason why. they're a faith
the only way to fix that is go over the fiscal cliff 'cause clearly democrats don't want to cut spending. they'll have to be forced into that and the only way that happens is hit the sequestration, the things that the fiscal cliff will bring of the that's why. i'll take the medicine, the pain now for a healthier economy going forward. >> kelly: there are a lot of economists who agree because they're saying if we go through this, it will be pain for everybody, 2,000, $4,000 added to our...
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can it about get passed in time to avoid the fiscal cliff? >> i'm not optimistic that it can get through the house. if there's a deal of 75, 80 senators voting for it, which is what mcconnell and biden are trying to construct here, it's not a deal that would just get over 60 votes but something bigger than that, the house would have to put it on the floor and it probably passes and probably gets over the finish line. you know, that's where i'm not sure we get a deal. is the political will there among house republicans? i know what mitch mcconnell believes is in the best interest of the republican party. i don't know if john boehner and mitch mcconnell are in sync on believing that the tax issue should completely be taken off the table. if there's no deal today, they'll cut taxes in three days when there's a new congress. >> focusing back on the senate, how important is vice president biden? >> the only person with any sort of warm relationship with mitch mcconnell is joe biden. the president doesn't have one. harry reid and mitch mcconnell do
can it about get passed in time to avoid the fiscal cliff? >> i'm not optimistic that it can get through the house. if there's a deal of 75, 80 senators voting for it, which is what mcconnell and biden are trying to construct here, it's not a deal that would just get over 60 votes but something bigger than that, the house would have to put it on the floor and it probably passes and probably gets over the finish line. you know, that's where i'm not sure we get a deal. is the political will...
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we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't g
we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our...
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so we know what we're dealing with, and i think it affects us righ now in t fiscal cliff negotiations because we are not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate, and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together, maybe it's like a dysfunctional family, but we do have to work together because withoutipartisanship, nothing is going anywhere. therefore, i think you have to go back to negotiations01. which is that someone in a negotiation has to win some and lose some. the other party in a negotiation has to win some and lose some. the president is not going to get everything he wants. the republicans in the house and senate are not going to get everything we want. nor are the democrats in the house and senate. so we have areas where we can come together, and i've seen it. all of u we talking in the last couple of hours about how we have talked to our counterparts on the
so we know what we're dealing with, and i think it affects us righ now in t fiscal cliff negotiations because we are not going to do anything unless it is bipartisan. we will not be able to pass anything in the house that doesn't have significant republican votes in the senate, and the democrats in the senate are not going to be able to support something that won't require some votes of democrats in the house. so we are together, maybe it's like a dysfunctional family, but we do have to work...
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i'm candy crowley in washington with the latest on the fiscal cliff negotiations. there was a big meeting at the white house today between the president and the four leaders, two republicans and two democrats on capitol hill. senator harry reid told reporters afterwards that the next 24 hours would be very important, as he and republican leader mitch mcconnell try to put together something that would pass both of their caucuses, that republicans in the senate would vote for and that democrats in the senate would vote for. and then, of course, it would have to go to the house. now, the majority leader senator reid said he's readying a bill for a vote on monday to prevent a tax hike on incomes up to $250,000. senator reid said his bill will include all of the additional provisions that the president outlined that include long-term unemployment benefits, a continuation of those. that would be sort of the plan b for democrats simply because what they would rather do is get a bill with senator reid working in conjunction with senator mcconnell. senator reid said he's aw
i'm candy crowley in washington with the latest on the fiscal cliff negotiations. there was a big meeting at the white house today between the president and the four leaders, two republicans and two democrats on capitol hill. senator harry reid told reporters afterwards that the next 24 hours would be very important, as he and republican leader mitch mcconnell try to put together something that would pass both of their caucuses, that republicans in the senate would vote for and that democrats...
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"off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! >>> i'm craig melvin. we have some breaking news at this hour. nbc news laz learned president obama will host a meeting tomorrow afternoon with congressional leadership from both sides of the aisle. house this really a concussion -- >> you mean john bolton. >> i feel if s
"off the fiscal cliff, this fall is really going to hurt." that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching "hardball," the place for politics. check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life...
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facebook's ipo in fears over the fiscal cliff. we countdown the biggest business stories of the year. it can sti invent things we didn't buy, faster than any technology. number nine, the u.s. stock market despite all the worries about the fiscal cliff, the stock market had a great year. >> number eight. facebook's i pshlpo. investor diagnosis not. trading glitches and questions about the company's ability to make money on mobile users unload the stock which has yet to climb back to the ipo price. >> number seven, mother meyer. the new ceo of yahoo who announced she would take a two-week maternity leave. 37 years old and it looks like a mother's touch is what yao ya hoo needed. >> an intense drought that scorched the corn and soy crop sending prices sky high. who can forget super storm sandy. neighborhoods along the northeast swept away millions without power and damages as high as $50 billion brings in lots of questions about u.s. infrastructure and whether we should spend money to fix it. >> number five, china. for sure by 2030.
facebook's ipo in fears over the fiscal cliff. we countdown the biggest business stories of the year. it can sti invent things we didn't buy, faster than any technology. number nine, the u.s. stock market despite all the worries about the fiscal cliff, the stock market had a great year. >> number eight. facebook's i pshlpo. investor diagnosis not. trading glitches and questions about the company's ability to make money on mobile users unload the stock which has yet to climb back to the...
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the impending fiscal cliff that stands to affect the first pay check you get next month unless, of course, lawmakers can find a solution. today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the rhetoric. and you have to question whether that will do any good because near early everything that is coming out of d.c. is about blame. not answers. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them go in fact. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing. >> harris: a spokesman for john boehner fired back "senator reid should talk less and legislate more." and senate minority leader mcconnell saying we should have worked all this out mon
the impending fiscal cliff that stands to affect the first pay check you get next month unless, of course, lawmakers can find a solution. today the senate majority leader mitch mcconnell said there is still time to work out a deal. however, there is no firm evidence of any real plan. here is what we do know tonight. president obama cutting his vacation short arriving back in washington today. house lawmakers announcing late today they are now planning to return on sunday. but listen to the...
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once the fiscal cliff gets resolved, we think there will be more momentum on the hiring front. hiring will lead to further consumption gains and that will encourage firms to invest. that's how we get the virtuus cycle started. >> new nuclear yar is a completely different issue. the costs there could be quite considerable. i think now with the market prices that you have, you're looking at a situation where governments, just like in the uk, have to come one a support mechanism to make that economically viable. so i think that's going to be the saying across the world. that is quite expensive here in europe. i don't necessarily see europe as a whole changing its mind and going from nuclear. if you take germany, for example, why did they change their mind? obviously, there were safety concerns but probably more importantly, it was to do with the ballot box. there was quite a bit of opposition, people out on the streets protesting and in the end of the days, the politicians decided to take what i considered to be a political course rather than an economic one. >> i don't think we w
once the fiscal cliff gets resolved, we think there will be more momentum on the hiring front. hiring will lead to further consumption gains and that will encourage firms to invest. that's how we get the virtuus cycle started. >> new nuclear yar is a completely different issue. the costs there could be quite considerable. i think now with the market prices that you have, you're looking at a situation where governments, just like in the uk, have to come one a support mechanism to make that...
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investors remain on edge as monday night's "fiscal cliff" deadline inches closer. president obama meets with congressional leaders today to try and hammer out a last- minute plan to avoid billions of dollars in automatic tax increases and government spending cuts set to kick in january 1. a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the second month. >>> a potential dock worker strike is possible on the east and gulf coast which threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to walk off the job sunday. a strike would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneaker and snow shovels. >>> the housing market shows new signs of rebounding. the commerce department says sales of new homes increased by about 4.5% in november from the month before. that's the fastest pace in two years. >>> and that
investors remain on edge as monday night's "fiscal cliff" deadline inches closer. president obama meets with congressional leaders today to try and hammer out a last- minute plan to avoid billions of dollars in automatic tax increases and government spending cuts set to kick in january 1. a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the...
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obama and congress aren't able to avoid the fiscal cliff people here in california will be hit especially hard because of prop 30 which was voted into law back in november. it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on everybody it's not going to be a happy time. but i think that's inevitably what's going to happen. >> they say the lowest income folks will see their take home pay shrink just over three and a half%. average earners 4% and top earners 6%. >> another sign the housing market is improving, the national association of realtors says pending home sales rose last month to the highest level in 2 and a half years. pending sales rose nearly 2% in november and that's the third month in a row it's gone up. >> amazon had a green christmas season. they announced the 2012 holiday sales were the biggest ever. they had several reco
obama and congress aren't able to avoid the fiscal cliff people here in california will be hit especially hard because of prop 30 which was voted into law back in november. it will soon mean higher sales tax and higher income tax on the state's top earners. the fiscal cliff would add to that hitting all americans with higher taxes. >> i don't know, there's a word to describe how upset the public is going to be. nobody's going to be happy to see that happen. >> if taxes go up on...
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cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back in 1987. during her tenure as administ
cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal...
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Dec 24, 2012
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we're talking about three things when we talk about the fiscal cliff. one is the bush tax cuts of 2001 and 2003 that the democrats claim they want to protect for most americans. they all voted against them. they didn't want them in the first place, but now they recognize how terribly important they are, they claim. for two full years, all of 2009 and all of 2010, obama was president. you had a super majority of democrats in the house and the senate. they could have passed making permanent those tax cuts for l all, some americans, people making less than $250,000 a year, they could have done that. they didn't. why do you believe the democrats really want to do something they no longer have the votes to do when they could have done it when they had the votes. that's one part of the fiscal cliff. the other part is the sequester, which saves money. the president wants to end that. and the third part is $1 trillion in obama's taxes. that's the obama care taxes they hid from you because they're all scheduled to come in after he got safely elected. >> let's go
we're talking about three things when we talk about the fiscal cliff. one is the bush tax cuts of 2001 and 2003 that the democrats claim they want to protect for most americans. they all voted against them. they didn't want them in the first place, but now they recognize how terribly important they are, they claim. for two full years, all of 2009 and all of 2010, obama was president. you had a super majority of democrats in the house and the senate. they could have passed making permanent those...
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Dec 30, 2012
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all over again. >> gregg: molly henneberg, molly thanks. >> arthel: mixed messages on fiscal cliff, next today. republican senator lindsay graham expressing optimism on deal and president obama is calling out lawmakers for rejecting offers for last month. >> what do you think the chances of a small deal in the less 48 hours to avoid the cliff? >> exceedingly good. i think what have we accomplished, a political vick for the president. the president has stood his ground. he is going to get tax rate increases but upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated offers. >> so what kind of deal if any can we expect before the clock runs out? joining us
all over again. >> gregg: molly henneberg, molly thanks. >> arthel: mixed messages on fiscal cliff, next today. republican senator lindsay graham expressing optimism on deal and president obama is calling out lawmakers for rejecting offers for last month. >> what do you think the chances of a small deal in the less 48 hours to avoid the cliff? >> exceedingly good. i think what have we accomplished, a political vick for the president. the president has stood his ground....
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Dec 31, 2012
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i yield the floor. >> next, joe manchin talking about his plan for the fiscal cliff. their diligent work. they have committed themselves to this work and i appreciate it and they keep us all informed. mr. president, i rise today frustrated, embarrassed and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american people hours before we plunge off the fiscal cliff. with no plan and no apparent hope. but here we are ande have got to do something. if we're as determined to go over the cliff as we seem, we've got to do something to soften theanding because at the bottom of the fiscal cliff, our our -- are immediate and massive tax increases, deep and indiscriminate spending cuts and the risk of another recession. so as we come down on the final hours, we have two choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i c
i yield the floor. >> next, joe manchin talking about his plan for the fiscal cliff. their diligent work. they have committed themselves to this work and i appreciate it and they keep us all informed. mr. president, i rise today frustrated, embarrassed and angry. it is absolutely inexcusable that all of us find ourselves in this place at this time, standing on the floor of the senate in front of the american people hours before we plunge off the fiscal cliff. with no plan and no apparent...
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Dec 31, 2012
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please tune in. >> next, fiscal cliff will have a major effect on america's manufacturers. we will talk to two ceos, nation's backbone is bracing for this impact. >> later on, there were big stock winners this year. but should you buy those studs or take a flyer and go with the duds? we will debate it coming up. i wasn't pointing alt at you. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> now we do go over the cliff and let's hope we get a deal for the last minute that we will stop that from happening. the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they
please tune in. >> next, fiscal cliff will have a major effect on america's manufacturers. we will talk to two ceos, nation's backbone is bracing for this impact. >> later on, there were big stock winners this year. but should you buy those studs or take a flyer and go with the duds? we will debate it coming up. i wasn't pointing alt at you. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500...
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Dec 26, 2012
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reporter: at stake, $154 billion in federal farm aid and isop insurance, sidelined by the fiscal cliff stalemate. benefits from the farm bill also guarantee rice farmer l.g. ronn that his costs are covered when crops are bad or demand drops. you'd be out of it if there was no subsidies? >> i will be looking for another job, absolutely. >> reporter: you just can't make enough money to make a go of it? >> those risks are too great. i could lose it all. if the market... if i plant rice and the market price is $12, and the next four months, it goes down to $6, i've lost a million dollars during that time period. i can't sustain that. e m broke in one year. r. reporter: the farm bill impacts much more than rural america. 80% of the bill's $1 trillion in spending covers food stamps, school lunches, forest conservation, and renewable fuels. >> we're sitting right here in limbo waiting on our lame duck congress to see if actually they will take up and reauthorize the new farm bill. >> reporter: he needs answers soon. the planting season is weeks anna. anna warner, cbs news, eagle lake, texas.
reporter: at stake, $154 billion in federal farm aid and isop insurance, sidelined by the fiscal cliff stalemate. benefits from the farm bill also guarantee rice farmer l.g. ronn that his costs are covered when crops are bad or demand drops. you'd be out of it if there was no subsidies? >> i will be looking for another job, absolutely. >> reporter: you just can't make enough money to make a go of it? >> those risks are too great. i could lose it all. if the market... if i...
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Dec 30, 2012
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why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that legislation. it isn't clear yet what the house is going to do. molly henneberg is live in d.c. there's a holdup in the house. what is it? >> the price tag. house republicans say it's too steep. a south carolina republican congressman said he and others want to help the people hurt by sandy but lawmakers need to figure out where the money's going to come from. >> it's not paid for. i know that's a difficult conversation to have but it's a necessary conversation. if we can't come together and figure out a way to stop spending someplace else to pay for this disaster, do we hope to be able to balance our budget and fix ou
why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that legislation. it isn't clear yet...
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Dec 28, 2012
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his top picks coming up next in a fox business exclusive. ♪ ashley: face call cliff, fiscal cliff, fiscal cliff, that's three more times, holding stocks hostage, down fifth day in a row. energy stocks notably weak again today. six down days in a row so check out the energy select spider exchange traded fund. it's xle, and it's basically a proxy for the energy complex, oil producers, service providers, pipeline operators, and xle, as you see, up 1.25%. in terms of the individual names, exxon mobile down 1.5%. chevron down 1.5%. total down 2%. conoco phillips 1%. red arrows across the board. congressional leaders meeting at the white house right now, and there is -- the question is is there any chance there's a deal before we hit the cliff, or do we just hunker down and wait for spring? gosh, i hope not. lance roberts, ceo of street talk, joining me in a fox business exclusive. lance, thank you. look, they are meeting in washington now. i don't know whether we should be excited or not. what do you think is the outcome? when do you think we'll get something done? >> not until after the first
his top picks coming up next in a fox business exclusive. ♪ ashley: face call cliff, fiscal cliff, fiscal cliff, that's three more times, holding stocks hostage, down fifth day in a row. energy stocks notably weak again today. six down days in a row so check out the energy select spider exchange traded fund. it's xle, and it's basically a proxy for the energy complex, oil producers, service providers, pipeline operators, and xle, as you see, up 1.25%. in terms of the individual names, exxon...
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Dec 29, 2012
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next on the run down do both parties actually want to go over the fiscal cliff to save political face? we'll debate it the state department officials out of their jobs after the benghazi terrorist attack are reportedly still on the payroll. we have details moments away. droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>> continuing with our top story tonight, just days to go, some say both parties want to go over the fiscal cliff in order to save face politically and then strike a deal next month, but will that be too late. joining us from little rock, alice stewart, a republican strategist and here in studio, my favorite juan, a fox news tributor. around the consequences of going over the fiscal cliff actually a democrat's dream? all that's missing are vegan lunches and yoga in classrooms. you have high taxes and defense cuts. you must be giddy good going over the
next on the run down do both parties actually want to go over the fiscal cliff to save political face? we'll debate it the state department officials out of their jobs after the benghazi terrorist attack are reportedly still on the payroll. we have details moments away. droid dna augmentation initiated. vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing evolving with beats audio. wireless charging activated. introducing droid dna by htc. it's not an upgrade...
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we wil speaker of the house john boehner failed last week to pass a fiscal cliff pill after pushback from some conservatives. now, speculation that he might be pushed off the political cliff and be kicked out of the top job in the house. joining us now from nashville, republican strategist chip saltz mapp and here in the studio with me, anthony holmes. also a republican strategist. i first started hearing of this a couple of weeks ago. i know john boehner and like him a lot. people are oh, we lost the election, time to to something. how to there is this supposed mini revolt. anything to this? >> looks like there could be. the greater thing is it is philosophically disengine with us to spend 8 months telling americans that tax increases hurt the economy and turning around 8 weeks later after the ehe election and offering to surrender a one year debt ceiling pore tore yum and increase taxes under the guise of helping the economy. philosophical. >> laura: the reality, though, anthony is that they lost the election in november. so the taxes are going go up. i mean the idea that -- taxes
we wil speaker of the house john boehner failed last week to pass a fiscal cliff pill after pushback from some conservatives. now, speculation that he might be pushed off the political cliff and be kicked out of the top job in the house. joining us now from nashville, republican strategist chip saltz mapp and here in the studio with me, anthony holmes. also a republican strategist. i first started hearing of this a couple of weeks ago. i know john boehner and like him a lot. people are oh, we...
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let's put the economy over politics here. >> because the whole fiscal cliff which is a manufactured cliff essentially by both houses of congress happened because they tried to do that last year and said let's give ourselves another arbitrary deadline. you know six months from now we will be right back where we started from. that is the problem. >> laura: we are are almost out of time. but the democratic senate refuses to pass a budget. won't do it. can't do it. the president couldn't get a sing the vote for his own budget. the idea he is going to rush in from vacation and be the caped crusader rescuing us all from fiscal doom is absurd. a razzle dazzle spin move. even matt damon is giving up. >> that is just -- that is the most depress end to a segment i have h heard in my life. >> laura: we are out of time, guys. my goodness. someone has to lead at some point. >> i have my crash helmet on. we are going over the cliff. >> laura: next, a civil war among republicans in congress. will speaker benito survive the revolt? and later, president obama in the next four years. what will his second t
let's put the economy over politics here. >> because the whole fiscal cliff which is a manufactured cliff essentially by both houses of congress happened because they tried to do that last year and said let's give ourselves another arbitrary deadline. you know six months from now we will be right back where we started from. that is the problem. >> laura: we are are almost out of time. but the democratic senate refuses to pass a budget. won't do it. can't do it. the president...
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Dec 24, 2012
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if a deal isn't reached on the fiscal cliff. actually it is on the way. there it is. "the a-team" taking up that and more. john fund, judith miller, stephen hayes, joins us ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your sh list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolisummary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. lou: a lot to talk about with "the a-team." "the american spectator" senior editor, john fund joins us. pulitizer prize winning junenalists fox
if a deal isn't reached on the fiscal cliff. actually it is on the way. there it is. "the a-team" taking up that and more. john fund, judith miller, stephen hayes, joins us ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your sh list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. but we can still help you see your...
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cliff there will be 1.2 trillion dollars in tax cuts over ten years which is $110 billion every year. so we go for the $110 billion for year one and what happens is next year congress decides to do what it wants anyway and scraps whatever plan it had in effect for the nine years anyway. so we pretend we have the big ten year plans but they never turn out to be ten year plans at all. >> that's true. but there is something looming in a month and a half and they will have to do something with the debt ceiling. whether debt ceiling should happen, whether or not we should even have something as the debt ceiling but we do and the democrats and the president have to do something about it. they know how strong it is. the republicans have a very, very powerful card to get what they want, which is basically a reduction in massive expenditures. we are up to $17 trillion in debt and something has to be done. and it has to be done quickly. and if it's not done properly, that's why i hate plan b and plan c and all of these minor plans, these little step plans. they should negotiate a real plan. th
cliff there will be 1.2 trillion dollars in tax cuts over ten years which is $110 billion every year. so we go for the $110 billion for year one and what happens is next year congress decides to do what it wants anyway and scraps whatever plan it had in effect for the nine years anyway. so we pretend we have the big ten year plans but they never turn out to be ten year plans at all. >> that's true. but there is something looming in a month and a half and they will have to do something...
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she's up next. >>> it is raising new concerns lawmakers might not reach any kind of a fiscal cliff deal before we go over it in the new year jon: fox news weather alert for you now. winter storm warnings in effect all over the northeast. its the same storm that brought blizzard conditions and tornados to other parts of the country. blamed for at least 12 deaths so far. it is causing major problems for anyone trying to travel in that part of the country. maria molina is in the fox extreme weather center with the latest for us. >> jon, that's right. the storm system is causing all kinds of travel headaches along the roadways in upstate new york and across new england. we actually have another storm system, if you can believe it or not, right on the heels of this storm and impacting portions of the are northern plains, introducing areas of light snow and not forecast to intensify what this storm was producing tornados and all kinds of blizzard conditions. nonetheless, when you have a storm roll through last thing you want to hear you will get another system. this should impact portions of
she's up next. >>> it is raising new concerns lawmakers might not reach any kind of a fiscal cliff deal before we go over it in the new year jon: fox news weather alert for you now. winter storm warnings in effect all over the northeast. its the same storm that brought blizzard conditions and tornados to other parts of the country. blamed for at least 12 deaths so far. it is causing major problems for anyone trying to travel in that part of the country. maria molina is in the fox...
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as lawmakers take their holiday break with no deal to avoid the fiscal cliff we'll look why one of them says a plan could be possible if the president himself didn't want to take us over the edge. >> we are told injuries are serious. they are being treated in local hospitals. as you mentioned a police officer from nearby greece, new york was apparently driving by. he was injured when his vehicle or the area near him was hit by shrapnel. now, as for the crime scene itself, the authorities say that they believe that the shooter is dead. no word as to his identity. also not clear, kelly, is what type of weapon he had with him. the authorities said that it was not clear if it was an assault rifle, the type of weapon we have heard so much about during the past few days. we expect that there will be more information later today. they say there will be a news conference at 2:00 this afternoon. another thing to keep in mind is that because of the attack on the firemen, they were unable to put out the house fire, and what began as a house fire and vehicle fire then spread to at least three other
as lawmakers take their holiday break with no deal to avoid the fiscal cliff we'll look why one of them says a plan could be possible if the president himself didn't want to take us over the edge. >> we are told injuries are serious. they are being treated in local hospitals. as you mentioned a police officer from nearby greece, new york was apparently driving by. he was injured when his vehicle or the area near him was hit by shrapnel. now, as for the crime scene itself, the authorities...
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your new year's eve weather forecast next. >>> we're hours away from falling off the fiscal cliff. got your parachute handy? holiday cheer is in short supply on capitol hill as the search goes on for a last minute miracle. >> this will not affect the debt situation. it will be a political victory for the president. and i hope we'll have courage of our convictions when it comes to raise the debt ceiling fight what we believe as republicans. hats off to the president. he won. jon: victory for the president? senator lindsey graham joins us live next to tell us whether a deal might be in sight. gressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. >> the ohio river valley you have a spl
your new year's eve weather forecast next. >>> we're hours away from falling off the fiscal cliff. got your parachute handy? holiday cheer is in short supply on capitol hill as the search goes on for a last minute miracle. >> this will not affect the debt situation. it will be a political victory for the president. and i hope we'll have courage of our convictions when it comes to raise the debt ceiling fight what we believe as republicans. hats off to the president. he won. jon:...
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we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet: oh, how about that car? >> that's not something you see every day. >> no. >> "fox & friends" begins right now. ♪ >> hey, everybody. >> juliet: hi, everybody. >> dave: good sunday morning, juliet huddy in for ali. how are you doing, my friend. >> clayton: dave usually gets the coffee. and no coffee around this place. >> dave: i apologize. >> clayton: dave overslept and dropped the ball. >> dave: it happened with my iphone. i woke up an hour too late to my wife shaking me. >> juliet: i don't know what it is about this morning. i'm like in lala land. >> clayton: there is no sn
we're less than 48 hours away from the fiscal cliff. will congress and the white house be able to reach a deal before americans see a 500 billion dollar tax increase? >> and george h.w. bush's health taking a turn for the better. there's good news regarding the former president's healths. >> clayton: well put. >> juliet: well said. >> clayton: a frightening moment when an airplane broke in half crashing on to a busy highway, caught on camera. watch this. >> juliet:...
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the fiscal cliff will cost those making 75 and 100 grand more than $3500. and while those making between 200 and 500,000 will be paying about $14,000 more. if you make more than $500,000, a year, get ready to pay roughly an extra $35,000. if you make over one million, your tax increase will be near $216,000. gregg: lots of numbers, lots of digits there. wow!. wow! so how much progress is being made to avoid all of what you just saw? we'll ask california congressman buck mckeown when he joins us live a bit later on in the hour. heather: and as i mentioned at the t the show, thousands of first-responders they're gathering in webster, new york, right now to pay tribute to tomascz kaczowka. sorry, tomascz kaczowka. funeral services are just getting underway. the 19-year-old volunteer firefighter shot and killed while responding to a christmas eve fire that turned out to be an ambush. police say that gunman william spengler set the fire and then shot and killed him along with his fellow firefighter and mentor mike kiapirini. thousands gathered to say good-bye to
the fiscal cliff will cost those making 75 and 100 grand more than $3500. and while those making between 200 and 500,000 will be paying about $14,000 more. if you make more than $500,000, a year, get ready to pay roughly an extra $35,000. if you make over one million, your tax increase will be near $216,000. gregg: lots of numbers, lots of digits there. wow!. wow! so how much progress is being made to avoid all of what you just saw? we'll ask california congressman buck mckeown when he joins us...
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. >> dave: what going over the fiscal cliff means for military familis and why they will be hit hard. veteran of the iraq and stan tan explaining next. >> clayton: kim kardashian and kanye west and a baby. they are pregnant. it wasn't posed to happen? hum. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number stor
. >> dave: what going over the fiscal cliff means for military familis and why they will be hit hard. veteran of the iraq and stan tan explaining next. >> clayton: kim kardashian and kanye west and a baby. they are pregnant. it wasn't posed to happen? hum. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex,...
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. >>> as the nation barrels towards the so-called fiscal cliff, new report that is the president has a back-up plan. we are live in hawaii next on what that might look like. gregg: and mother nature throwing a huge wrench into the holiday travel rush. the latest check on the weather conditions and travel delays next. heather: can one of the survivors of the sandy hook elementary school shooting tragedy speaks out. how the school principal and two other school employees saved her life. >> the three of them were shot, and they yelled back, shooter, stay put. they saved my life and the life of four others who were at that meeting. gregg: another fox news alert. this new development in the fight over the fiscal crisis as lawmakers head home for the holidays. there are reports president obama is scaling back his hope for a sweeping budget bargain with republicans. welcome to a brand new hour of "america live". i'm gregg jarrett. heather: i'm heather childers. we're in for megyn kelly. the president reportedly looking to strike a smaller deal that would extend tax cuts for the middle class
. >>> as the nation barrels towards the so-called fiscal cliff, new report that is the president has a back-up plan. we are live in hawaii next on what that might look like. gregg: and mother nature throwing a huge wrench into the holiday travel rush. the latest check on the weather conditions and travel delays next. heather: can one of the survivors of the sandy hook elementary school shooting tragedy speaks out. how the school principal and two other school employees saved her life....
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Dec 29, 2012
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i mean, i have a lot of thoughts on this fiscal cliff but you wanted to talk about the gun measure, and -- >> i do indeed. >> life has to go on. >> we had that provocative phrasing that it appeared the nra may be out of step with its own membership. do you really believe that? >> yes, i do, martin. frank luntz, a republican pollster polled nra members and he found that there are at least five major provisions where at least two-thirds of the membership supports even though the leadership of the nra and, of course, the gun manufacturers who pay their salaries don't necessarily support. but the -- they oppose them. one would be background checks on purchasers and gunshop employees. 40% of guns bought today don't require a background check because of the gun show loophole and gunshop employees don't require background checks. people that are on the terrorist watch list should not be able to buy a firearm for an explosive. the gao found in an investigation that 1,321 people on the terrorist watch list bought firearms or explosives and in 91% of the cases the fbi was powerless to stop them.
i mean, i have a lot of thoughts on this fiscal cliff but you wanted to talk about the gun measure, and -- >> i do indeed. >> life has to go on. >> we had that provocative phrasing that it appeared the nra may be out of step with its own membership. do you really believe that? >> yes, i do, martin. frank luntz, a republican pollster polled nra members and he found that there are at least five major provisions where at least two-thirds of the membership supports even...
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Dec 26, 2012
12/12
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kelly: the next few days are indeed critical in the fight for the so-called fiscal cliff but as the president cuts short his vacation and the senate returns tomorrow we'll look whether democratic leader harry reid will have a plan c ready to go and rumors after $400 billion price tag. >> big chunk of change. we're eyeing a massive winter storms that spawned at least last night this deadly tornado. as it moves north, that storm we'll look at the danger it poses for many americans especially if you're trying to travel anywhere today. folks there living through rare holiday twisters react to a christmas day storm they say they will never forget. >> i've never seen one in real life. just to be able to hear one from that far away, it is about a mile from where we are and you could still hear it. it was, it was pretty amazing. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! kelly: "fox business alert." with just
kelly: the next few days are indeed critical in the fight for the so-called fiscal cliff but as the president cuts short his vacation and the senate returns tomorrow we'll look whether democratic leader harry reid will have a plan c ready to go and rumors after $400 billion price tag. >> big chunk of change. we're eyeing a massive winter storms that spawned at least last night this deadly tornado. as it moves north, that storm we'll look at the danger it poses for many americans...
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Dec 25, 2012
12/12
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CSPAN
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advice on how to solve the fiscal cliff, i'm sure he'd like to hear that. >> while you are writing your next song, i'd like to present you with your coffee mug. it might give you some inspiration. >> thank you so much. [applause] >> i want to thank the national press club staff including the journalism broadcast center for organizing today's event. and i was wondering if you had one last song you'd like to sing us out on. [applause] >> do you want to sing? >> come on up. >> can she borrow your stool? >> this is my wife kim and here is the song we sing to our twin boys. actually about two years ago, we went in to sing them to sleep with this lullaby and we got the guitar out and sat down on the side of the bed and we were about to play the opening chords and rough fuss looked up at me and said you know dad, we don't have to do this anymore. [laughter] ♪ sonny, sure you're thinking now but the morning is slowly r ising so sober must be spinning round and i still love you would you close your eyes you can close your eyes it's all right ooh i don't know love songs i can't sing 'em true an
advice on how to solve the fiscal cliff, i'm sure he'd like to hear that. >> while you are writing your next song, i'd like to present you with your coffee mug. it might give you some inspiration. >> thank you so much. [applause] >> i want to thank the national press club staff including the journalism broadcast center for organizing today's event. and i was wondering if you had one last song you'd like to sing us out on. [applause] >> do you want to sing? >> come...
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Dec 29, 2012
12/12
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FOXNEWSW
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it's not going to be on popularity over the next few weeks if we go over the fiscal cliff and he ends up making cuts and so forth. what is going to happen is ultimately if this is is a success or a failure, it's his legacy that's going to tell the story that doesn't come down for republican's back against the walls this mess that krauthammer pointed out. what the republicans are doing mess in the house putting up this plan b and may get less than plan b they couldn't get a vote on plan b. senator corker thinks this whole thing he mentioned last night on greta is really too much spending keeping the spending and getting the tax increases, listen. >> it's a shame in this nation where every developed country in the world knows that our greatest threat is our fiscal solvency that you would have to have leverage points. you would think people would sit down and solve the problem because we know it is our greatest threat. that's not the case here. we have a president who has not laid out a plan. he is obviously a spendaholic. time quickly running out for a deal washington will be working al
it's not going to be on popularity over the next few weeks if we go over the fiscal cliff and he ends up making cuts and so forth. what is going to happen is ultimately if this is is a success or a failure, it's his legacy that's going to tell the story that doesn't come down for republican's back against the walls this mess that krauthammer pointed out. what the republicans are doing mess in the house putting up this plan b and may get less than plan b they couldn't get a vote on plan b....
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Jan 1, 2013
01/13
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CSPAN
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eye 118
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house majority leader harry kantor is against the senate fiscal cliff deal, multiple members say. one reason he may be against it is because the new cbo report came out where it says this bill adds about $4 trillion over the next nine years to the deficit. there's about $330 billion in new spending as well, so that may be playing into what is going on the hill right now. we will be live all afternoon and evening until and if and and of something happens. fred in missouri, democratic line. you have been holding. thank you for your patience. guest: first and foremost, happy new year. the time for cutting social security and medicare entitlements, let's cut attached -- tax deductions on people making $200,000 and up to we can have a jobs for this country like we need them, in infrastructure, education, aerospace, alternative energy, research, development. the list goes on. host: that was bred in misery. next up is still, republican line, minnesota. -- phil. guest: as a republican i believe we need to pass the obama tax bill and then once we get to the ceiling of the debt we would the
house majority leader harry kantor is against the senate fiscal cliff deal, multiple members say. one reason he may be against it is because the new cbo report came out where it says this bill adds about $4 trillion over the next nine years to the deficit. there's about $330 billion in new spending as well, so that may be playing into what is going on the hill right now. we will be live all afternoon and evening until and if and and of something happens. fred in missouri, democratic line. you...
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Dec 30, 2012
12/12
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CNNW
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>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giving explanations for 99.8% of americans who are not accountants. but the amt patch will
>> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from...
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Dec 28, 2012
12/12
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WMAR
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. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him live for that announcement. >> for more on the fiscal cliff and what it could moon for your pay, we got you covered. just head to our home page for a breakdown of different scenarios in washington, what it could moan for your money. for more on the fiscal cliff and a heated debate, check out an all brand-new episode of square off. the round table discussion airs right here on abc2 at 11 on sunday morning. >>> continuing coverage in the planned port strike. dock workers have been working on an expired contract. today the u.s. marry time alines and the long shoring association have agreed to a 30 day extension allowing for more time to negotiate a new deal. a major sticking point will have to be cleared up by january 28. it involves royalty payments for members based on each container they unload. >>> an early morning shootout at a new jersey police headquarters left three officers with wounds. >> how the suspect managed to get one of the officer's we
. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him live for that announcement. >> for more on the fiscal cliff and what it could moon for your pay, we got you covered. just head to our home page for a breakdown of different scenarios in washington, what it could moan for your money. for more on the fiscal cliff and a heated debate, check out an all brand-new episode of square off. the round...
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Jan 1, 2013
01/13
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MSNBCW
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, continued for the next year, plus the sequester expiring yet again, plus the debt ceiling, all of that coming due at the same time. so if it makes it seem small. but they're blessing everything here. so you're going to get a majority of democrats supporting it in the senate and a majority of republicans supporting it in the house. the question is what is the number of republicans that go on. by the way, there is almost no chance they can vote before midnight tonight. just logistically, they have to write the bill. they have to do some the physical things that are just -- and they have to sign at least a certain amount of time to debate the bill, let people speak about it, et cetera. the earliest we're going to see a vote is probably 2:00 or three income the morning there is a chance 245 the senate will say you know what? we're going to come back at 10:00 in the morning. so i'm just preparing folks for that if they're wondering what is going to happen first, the ball dropping in times square or washington dropping the ball on their own, if you will. pun was intended there, by the way. b
, continued for the next year, plus the sequester expiring yet again, plus the debt ceiling, all of that coming due at the same time. so if it makes it seem small. but they're blessing everything here. so you're going to get a majority of democrats supporting it in the senate and a majority of republicans supporting it in the house. the question is what is the number of republicans that go on. by the way, there is almost no chance they can vote before midnight tonight. just logistically, they...
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Dec 29, 2012
12/12
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MSNBCW
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eye 102
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cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will come next year, early this evening, shortly after the president's press conference, i had the privilege to speaking to republican senator tom coburn of oklahoma. senator, thank you so much for being here tonight. >> glad to be with you, ezra. >> it so seems to me the news of the day is the big deal is dead, completely dead, and we are down to either a small down, a mini deal, or going after the cliff straight. what is your reaction to this? >> i don't -- you know, i'm not sure that's true. just talking to my colleagues in the senate, i think the middle ground is pretty well known by everybody, and i think you could still get something that would be viewed by the ratings agencies as well as the american public as a pretty good solution. so i think it's possible. i don't know that that will happen. it's unfortunate that we're waiting until this late in the hour to try to accomplish something. >> so, then, what do you
cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will come next year, early this evening, shortly after the president's press conference, i had the privilege to speaking to republican senator tom coburn of oklahoma. senator, thank you so much for being here tonight. >> glad to be with you, ezra. >> it so seems to me the news of the day is the big deal is dead, completely dead, and we are down to either a small down, a mini deal, or...